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Business
June 3, 2024
Carl Icahn Reportedly Holds Significant Stake in Caesars
The recognizable billionaire and businessman, Carl Icahn, holds a significant stake in Caesars Entertainment, the leading gaming, hospitality and entertainment operator, Bloomberg News announced recently. The publication cited sources close to the matter. After the release of the recent report, Caesars shares marked an uptick. During last week, the company’s stock hovered around $32 per […]
Business
May 29, 2024
Analyst Keeps Positive Outlook on FanDuel Parent Company Flutter
A wide range of factors can impact the performance of gaming and betting operators, especially across the United States. While increased promotional spending may boost the operators’ expenses, much-anticipated sports events can increase revenue and enable betting operators to engage with new customers. Earlier this month, Flutter Entertainment, the leading betting and iGaming operator with […]
Business
May 24, 2024
Fitch Predicts Growth for Ras Al Khaimah with Wynn’s UAE Resort
Earlier this month, Wynn Resorts, the leading casino and hospitality operator, released new concept art of its much-anticipated luxury resorts in Ras Al Khaimah, United Arab Emirates (UAE), Wynn Al Marjan Island. The massive project is the result of collaboration between the company and local partners, RAK Hospitality Holding and Al Marjan Island. The upcoming […]
Business
May 23, 2024
Public Utilities Benefit as Loterie Romande Hits Record Profit in 2023
Loterie Romande, the Swiss public lottery, which has been operating since 1937, released its latest report, disclosing insights about its performance throughout 2023. Last year marked a busy period for the lottery, which reported gross gaming revenue of CHF 420.7 million ($460.3 million). The revenue, compared year-over-year represented a slight decrease, considering the CHF 435.5 […]
Business
May 23, 2024
Atlantic City Casinos Experience 10% Profit Drop In Q1 2024
The gambling regulator in New Jersey, the Division of Gaming Enforcement (DGE), announced the release of a new report, highlighting the performance of casino operators in Atlantic City. Besides revenue and operating profit, the recently released report uncovered details about the hotel occupancy for the quarter ended March 31, 2024. The total net revenue reported […]
Business
May 22, 2024
Better Collective Reports Robust Q1 Performance amidst Strategic Expansion
Better Collective, a leading sports betting media group, has reported robust performance in the first quarter of 2024, with significant growth in revenue and strategic acquisitions driving the company’s success. The recent acquisition of AceOdds and the following share buyback program further cement Better Collective’s commitment to diversifying its business and future-proofing its operations. Most […]
Business
May 22, 2024
Playtech Posts Trading Update, Caliplay Fees Remain Uncollected
Playtech has published а trading update for the period from January 1 to April 30, reporting a solid trading performance and robust underlying trends. The company’s successes, however, were partly offset by the customer-friendly sporting results, the report noted. In the four-month period outlined in the update, Playtech’s B2B division recorded strong performance thanks to […]
Industry
May 21, 2024
BGC’s Levy Payments to HBLB Increase for the Third Year in a Row
Britain’s Betting and Gaming Council announced that its members are expected to contribute a record £105 million ($133.6 million) in levy payments to the Horserace Betting Levy Board (HBLB) for last year. This figure would mark an increase of £5 million and is notably the third consecutive year of year-on-year increase. For context, the BGC’s […]
Business
May 21, 2024
Macau Casinos Poised to Beat Las Vegas Rivals, Analyst Says
The performance of hotel-casino operators in Macau was significantly impacted due to the global pandemic a few years ago. While operators in the special administrative region (SAR) are yet to surpass 2019 figures, certainly, the removal of pandemic-related restrictions and the uptick in traveling has been beneficial for the sector. This growth of Macau casino […]
Industry
May 21, 2024
Bet365 Experiences a Rollercoaster Weekend
Bet365, one of the world’s leading online gambling companies, has declared that its customers “had the last laugh” after Manchester City clinched the Premier League title in a weekend packed with sports action. The final day of the 2023/24 Premier League season saw all favorites win, leading to the company giving out significant payouts. Soccer […]
